Building A Small Business At An Affordable Cost

1218 Words Feb 11th, 2016 5 Pages
Methods It was determined that the three needs in these existing global businesses are:
• The opportunity to operate a small business at an affordable cost. For an individual to run a small business, the shared office space is beneficial because of the low overhead cost that divides costs among other small business owners. In Canada, the concept of shared office space is popular. According to the Canada Innovation, Science and Economic Development there are eleven companies registered and doing business in the capacity of SOS. The two largest firms in Canada for shared office space are Intelligent Office and Regus. These two companies have multiple locations in the global market even in Canada as identified in internet research.
• My research also discovered as quoted in the Financial Post magazine ”committing to office space can be a huge outlay when embarking on a new business. For Todd Millar, president of My Go Pages Canada Inc. in Calgary, the answer to that problem was simple. Instead of leasing a dedicated office space for his rapidly expanding direct mail and app-based couponing service for small business, he opted to use shared and virtual office services (Deveau, D, 2014).”
“If the provider has multiple locations, tenants can easily move or expand into other communities by only paying additional fees each month without having to worry about investing in IT infrastructure, telephones, utilities or cleaning. “It’s one bill, and you move on,” Mr.…

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